Watcha
Watcha (Korean: 왓챠) is a South Korean software company and subscription video on-demand, over-the-top service. Watcha distributes television series, specials, variety shows, films, documentaries, animations, and sports.
Watcha began its original webtoon service in the second half of 2022.
In August 2025, when creditor Enlight Ventures filed for corporate rehabilitation due to Watcha's failure to refinance 49 billion won worth of convertible bonds, the Seoul Bankruptcy Court initiated corporate restructuring proceedings for Watcha. As of the end of 2024, Watcha's cumulative losses exceed 267 billion won.
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